If the Federal Reserve were held to the same standards as were doctors, malpractice claims would have made headlines.
Much of the responsibility of our financial problem, in addition to that of the Congressional handouts of Fannie Mae and Freddie Mac largess, rests with the easy-money policy of the Fed. Congress wanted everyone in America to have a home, whether they could afford one or not. The Federal Reserve made money available.
The Fed thus created the world-wide bubble by continuing its easy money dogma.
Easy money policy today is certainly not helping a recovery of this country’s Industry, particularly small business. But it’s developing the next bubble and collapse. And assuring future super-inflation. ( See the Earl J Weinreb NewsHole® comments.
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